Lucara Diamond Corp

Published : December 17th, 2009

Acquisition of AK6 Diamond Project Receives Republic of Botswana Approval

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Keywords :   Botswana | Diamond |

Good morning!

 

Please find enclosed a news release issued this morning.  If  you have any questions or require further information, please do not hesitate to call.

 

Best regards,

 

Sophia Shane

Ph. 604-689-7842

 

 

Lucara ACQUISITION OF AK6 Diamond PROJECT RECEIVES republic of Botswana approval

 

December 17, 2009 (LUC ? TSXV) ? Lucara Diamond Corp. (?Lucara? or the ?Company?) is pleased to announce that it has received approval from the Government of the Republic of Botswana in respect of the Company?s acquisition of a 70.268% interest in the AK6 Diamond project in Botswana.

 

As previously announced on November 10, 2009 Lucara entered into a Sale Agreement to acquire a 70.268% interest in Boteti Exploration (Pty) Ltd. (?Boteti?), which holds a 100% interest in the AK6 project, from De Beers Prospecting Botswana (Pty) Limited (?De Beers?).  All conditions requisite to completing the transaction have been satisfied and the acquisition has now closed.

 

On Behalf of the Board,

 

 

William Lamb

President and COO

 

 

For further information, please contact:

Sophia Shane, Corporate Development (604) 689-7842

 

 

 

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Data and Statistics for these countries : Botswana | All
Gold and Silver Prices for these countries : Botswana | All

Lucara Diamond Corp

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Lucara Diamond is a exploration company based in Canada.

Lucara Diamond develops diamonds in Botswana.

Its main asset in development is AK6 in Botswana and its main exploration property is MOTHAE in Lesotho.

Lucara Diamond is listed in Canada. Its market capitalisation is CA$ 57.6 millions as of today (US$ 58.6 millions, € 40.4 millions).

Its stock quote reached its lowest recent point on April 03, 2009 at CA$ 0.40, and its highest recent level on February 11, 2011 at CA$ 1.44.

Lucara Diamond has 63 986 221 shares outstanding.

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